Series 66: 2.4.17.7 Demand Deposits

Taken from our Series 66 Online Guide

2.4.17.7 Demand Deposits

Demand deposits refer to accounts where funds can be withdrawn at any time. In other words, the funds are payable on demand. Both checking and savings accounts are considered demand deposits. Most money market accounts are now considered to be demand deposits because checks can be drawn on the f

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